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A total of 4,462 shares changed hands on the counter till 10:10AM (IST).

Goldman Sachs maintains a buy rating on SBI with a target price of Rs 695 post March quarter results. Morgan Stanley maintains an overweight rating on ITC with a target of Rs 474 post March quarter results. Macquarie maintains an underperform rating on Container Corp with a target of Rs 620 post March quarter results. Goldman Sachs maintains a buy rating on InterGlobe Aviation (Indigo) with a target price of Rs 2600 post March quarter results.

On the technical charts, the RSI of the stock stood at 67.13.

Net NPA, which used to be 4.58 and now it is below 0.74. Above all, the asset quality wise, if you look at SMA 30 plus, we started focusing on that, which is just 0.56% of the whole portfolio.

In the midst of all these, the INR has managed to keep its head tall among most of its peers. The rupee has appreciated against all other major currencies except a few (Swiss franc, Canadian dollar, Singapore dollar, Russian Ruble).

This ROA of 0.96 is for the year. If we look at the ROA for this quarter, it would be somewhere around 1.26 or 1.28. And ROE, of course, is 19.68. So, I think for last three quarters, we have been consistently maintaining ROA of more than 1%. And only in the first quarter, since we had the MTM losses of Rs 7,000 crore, we have got a ROA of 0.96 at the full financial year.

Yes, the market saw quite a dip in March only for it to recover in April. Look, there are still a lot of headwinds out there and it doesn’t look like we are out of the woods yet. So, while well-valued stocks are seemingly out there, it’s too early to say if there is any real direction.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

The Indian stock market closed in the red for the third consecutive day on Thursday, with the S&P BSE Sensex falling more than 100 points. The Nifty50 closed above 18100 levels. Sectors saw buying in banks and selling pressure in realty, power, oil & gas, and utilities. Stocks in focus include Jindal Saw, which rose more than 6%, Tech Mahindra, which fell 0.5%, and M&M, which dropped more than 1%.

Sebi has proposed a regulatory framework to deal with suspicious trading around the presence of material non-public information. The framework would deal with malpractices by market participants, who use new-age technologies by way of encrypted or vanishing messages, and modus operandi to evade the law. The proposed rules would prohibit individuals from engaging in suspicious trading around the presence of material non-public information unless they can effectively rebut the presumption that they are violating the securities laws.